The Central Board of Direct Taxes, CBDT has notified the Cost Inflation Index, CII for the financial year 2024- 25 for calculating long-term capital gains. The CII for financial year 2024-25, relevant to assessment year 2025-26, stood at 363. This notification will come into force with effect from the 1st day of April, 2025. CBDT said that it will accordingly apply in relation to the assessment year 2025-26 and subsequent assessment years. The Cost Inflation Index is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation.